We know it’s been a painful few weeks as many names have gotten crushed. On the OTC Markets, some penny stocks are down over 70% from their recent highs. However, we are starting to see some top penny stocks bouncing. Markets are finally starting to turn for the better.
There are a few bright spots right now if you trade both OTC penny stocks and NASDAQ/NYSE penny stocks. 4 top penny stocks are Bantec Inc (OTCMKTS: BANT), Second Sight Medical Products (NASDAQ: EYES), Masterbeat Corp (OTCMKTS: MSTO), and Exela Technologies (NASDAQ: XELA).
How To Trade Top Penny Stocks
First up, it’s important to understand that trading top penny stocks are not the same as trading blue chips. Penny stocks are subject to enormous volatility like what we have witnessed over the past week or so.
This is why we have preached over and over again on our Insider Financial YouTube channel to book profits along the way. We warned our subscribers to not get greedy or get caught up in the diamond hands/paper hands BS.
The key to trading top penny stocks is finding momentum BEFORE it happens and then be patient. Now, when we say that we find momentum BEFORE it happens, we are investors looking to position our subscribers BEFORE the move happens.
We got our subscribers in early on TSNPD, which you can read our first article here, and ALPP, which you can read about here. This is where the big money is made and why so many of our subscribers are sitting on gains of over 5166% in ALPP and over 12,862% in TSNPD.
It’s also best to own a portfolio of top penny stocks. For some that can be as many as 10 to 20 or more hot stocks.
We always alert our subscribers first before we publish for our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here. We alert our subscribers with our best ideas before our regular readers.
Now we know many prefer to day trade, but we are not day traders here at Insider Financial. It doesn’t suit our personality and we don’t like the intraday moves markets make. We have found we made more money being patient and ignoring the day-to-day noise of the markets.
If you want to day trade, Insider Financial is not the place for you. When it comes to day trading, and if that’s what you are after, we recommend the folks at True Trading Group, which you can check out their live streams here.
TOP OTC PENNY STOCKS VS TOP NASDAQ/NYSE PENNY STOCKS
The fact is that there is always a bull market somewhere. That’s why it’s important for penny stock investors to trade both OTC and NASDAQ/NYSE penny stocks. There are always opportunities if you give yourself the flexibility to trade all markets.
Last year, for the first half of 2020, it was much more profitable to trade NASDAQ penny stocks than OTC. That is where we and our subscribers were positioned. We captured the runs in SRNE, NIO, INO, IBIO, WKHS, and many others. Then once the summer came, many of the COVID runners had failed to find momentum. We then pivoted to OTC and caught the runs in TSNPD, ENZC, MMEDF, and many others.
Lately, it’s been best to play both markets and be more selective in your investments. For the first six weeks of 2021, everything was going up, and making money was quite easy.
This is why it’s important to trade small right now. Before, if you’re starting buy was $500, cut it in half now. Start with $250. You should always scale into a position anyways. Never go into a position with your full load. Penny stocks are extremely volatile and no one has a clue how the stock will swing. It is completely out of our control. The only thing we can control is our purchases with limit buys.
Remember these 2 important points when it comes to investing in penny stocks.
- Buy low and sell high.
- Don’t be afraid to book profits.
In this article, we take a look at 4 top penny stocks right now BANT, EYES, MSTO, and XELA to find out what’s behind the move and our outlook for each.
Top Penny Stocks BANT
We recommended BANT to our readers and subscribers back in October as a play on the COVID-19 pandemic with its Bantec Sanitizing Division, which you can read here. Subscribers that bought in at $.0033 are now sitting on gains of over 989%!!
BANT jumped 89% after selling ThinkLite Air Monitors to an Ivy League University. Michael Bannon, Bantec’s Chairman, and CEO, stated:
“If you can’t measure it, you can’t manage it. The ThinkLiteAir unit monitors for pathogens ranging from 0.1 to 2.5 microns, specifically viruses, including Covid-19, influenza flu virus, and other germs that are widely airborne. It also monitors ‘Total Volatile Organic Compounds’ (VOCs) that create optimal environments in which pathogens thrive and reproduce. In addition, the monitors measure relative humidity, CO2, and temperature. The goals for our customer here are twofold: they look to monitor for Covid and conditions conducive for Covid proliferation and verify the quality of air pre and post LEED (Leadership in Energy and Environmental Design) construction projects.”
Last month, Bantec launched its Exposure Response Mobile Service to combat COVID-19 flair-ups occurring in all work and residential settings. Exposure Response will provide a mobile service that will sanitize a workplace using CleanSmart products and protocols and/or provide products and training which will allow employers to effectively sanitize their facilities post-exposure.
BANT is a top penny stock as it’s a direct play on the COVID-19 pandemic and sports a market cap of just $56 million.
Top Penny Stocks EYES
Just last week, EYES was a low float NASDAQ penny stock trading under $2 a share.
What changed everything for EYES and its shareholders was receiving FDA approval for its Argus 2s retinal prosthesis system.
On electrical stimulation, the system bypasses the defunct retinal cells to stimulate remaining viable cells to induce visual perception in those with severe to profound RP, the company said. The timeline on the production of newly approved hardware is subject to the completion of Second Sight’s planned business combination with Pixium Vision which is currently in progress.
The redesigned set of external hardware (glasses and video processing unit) will initially be used in combination with previously implanted Argus II systems in the treatment of RP (retinitis pigmentosa). Second Sight anticipates adapting the Argus 2s as the external system for the next generation Orion Visual Cortical Prosthesis System which is currently undergoing development.
In just three trading days, EYES turned into a 10-bagger for those that caught the move. Management certainly benefitted as they own 43% of the company.
Top Penny Stocks MSTO
MSTO is a tiny penny stock making explosive moves up the charts. Even after a 400% jump, MSTO sports a market cap of just $12 million.
MSTO is a company specializing in hard, tangible asset acquisitions with an intense focus on real estate, precious metals, collectible classic automobiles, and other tangible assets.
The company just announced that its JTEC Autoworld, in collaboration with Epicor, will incorporate Amazon and eBay into its Sales, Distribution, and Marketing Strategy for its online Automotive platform: www.jtecautoworld.com.
As JTEC expands the rollout of its automotive online platform, it will utilize the Amazon and eBay services to further help its marketing, sales, and exposure strategy. Josh Tannariello, CEO of MasterBeat Corp, stated:
“As Epicor is building the back end of JTEC’s online platform and integrating our catalog and distribution network systems, we will also be featuring our extensive catalog through Amazon and eBay. Having our products available on Amazon’s and eBay’s massive, worldwide platforms strategically gives JTEC Automotive access and exposure to an audience of millions of North American (U.S.A., Mexico, and Canada) automotive customers while boosting the visibility of all aspects of our Company. Ultimately, this provides JTEC with the opportunity to earn more exposure and repeat business, even without any direct marketing. This strategic approach will increase the demand and the organic growth of JTEC, allowing us to convert exposure into revenue for the Company and our shareholders.”
In addition, eBay has more than 180 million consumers, worldwide. Combined with JTEC’s Amazon exposure, JTEC’s pending launch on the eBay platform will expose JTEC AutoWorld to a massive audience that will boost visibility and awareness of JTEC’s products and technology to millions of more potential customers.
Top Penny Stocks XELA
XELA stock more than tripled after announcing a 10 year, $90M venture blending automation technologies, SaaS, and services through its PCH Global platform (launched in September 2020).
This effort will accelerate the digital transformation efforts for a major U.S. health insurance company and is part of a broader relationship that included over $28M in revenue in 2020.
Exela’s strategy is to migrate existing and future healthcare relationships to PCH Global’s cloud network for offering greater scalability and business continuity protection, as well as improved data analytics built into the platform and accessible through a self-service model.
XELA is another low float NASDAQ penny stock with just 25 million shares in the float. The float changed over almost 20x as volume on Tuesday was almost 475 million shares. We expect XELA to keep running as there is just a shortage of runners right now and investors are chasing what’s working. This is why we are seeing XELA up another 86% to over $8 in the early morning pre-market trade.
As we keep saying, there are always opportunities in the markets and there are still winning penny stocks to buy. Huge gains can be made in such a short amount of time.
If you like any of these 4 top penny stocks and have missed the move, our best advice in these tough times is to be patient and throw bids in below the market. Buying dips and selling rips as swing trades remains the best strategy in these markets.
It’s also important to look for penny stocks that have yet to run. There are plenty of opportunities out there and we look at hundreds of penny stocks to buy each week trying to find the best alerts for our subscribers.
Remember, all it takes is one or two to become a winner and you’ve crushed the market indices for the year.
As always, good luck to all (except Tim Sykes and his fellow shorts)!
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Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.